💥 Dubai Police have arrested 4 individuals behind a sophisticated online trading scam that tricked countless investors. The fraudsters promoted fake investment platforms via 📞 phone calls and 📱 social media ads, promising quick & high profits 💰.
🕵️♂️ Scam Brands Used:
🏦 Sigma-One Capital
💻 DuttFx
📊 EVM Prime
📈 UTrade
🌐 EVA Markets
💼 Core Financial Markets
❌ Regulatory Status: None of these entities were licensed by UAE regulators like the DFSA or SCA, leaving victims without legal protection.
💸 Where the Money Went:
Funds collected were transferred to accounts outside the UAE, making recovery extremely difficult.
📢 Official Warnings:
The DFSA has repeatedly warned about fraudsters impersonating legitimate firms to lure in unsuspecting investors.
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⚠️ Protect Yourself from Such Scams ⚠️
✅ Verify the platform’s license on DFSA or SCA websites.
✅ Be suspicious of “too good to be true” profit promises.
✅ Report suspicious activity via:
📱 Dubai Police App
💻 eCrime Platform
📞 Call 901
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💡 Tip: If someone guarantees high profits with no risk, they’re probably after your money, not your success. 🚫#CryptoScamAlert #Dubai_Crypto_Group #dubaicryptoscam #CryptocurrencyWealth